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20121105
20121105
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CNBC 4
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Search Results 0 to 3 of about 4
CNBC
Nov 5, 2012 6:00pm EST
a deal. then back in august, they announced it would buy bp's carson, california, refinery. also get some related logistics, 2.5 billion. property is located right next to the other refineries. are little investment, they could be combined into a single facility which would save a bundle. what other oil patch vultures have swooped in to pick off pieces? there have been a bunch of master limited projects to do some opportunistic buying. take line energy. back in february bought $1.2 billion of oil energies in kansas. and then in june, they announced that it will buy another billion dollars worth of assets in wyoming. these are both terrific purchases that should allow them to boost the distribution. if you're a regular investor, the best way to play in an i.r.a. is line co. bp also sold off its canadian business to paa back in 2011. so far the deal has been work out very nicely and that gives you a juicy 4.8% yield and barely more than a point off. last but not least, the exploration and production companies that have bought up oil and gas. way back in july of 2010, when the mccondo disast
CNBC
Nov 5, 2012 3:00pm EST
in southern california, the markets are even tighter than that. you add it up and it's pretty clear, things are going to start moving forward, or better said, they're going to continue to move forward from the gains we've seen over the course of the last six months or so. >> so, david, how would you -- how would you describe the market, then? has it become now the issue of getting a mortgage that seems to be one of the sticking points, or is it still a lot of supply on the market? because even though a lot of people feel we've seen the worse, we're just bumping along the bottom with housing. what is it going to take to get this needle moving? >> it's both. supply and mortgage products. we've had some of the most prestriktive products we've had in years. it's relative. it's really returning back to where it was as far as mortgage products were concerned. we're turning back to the products we used to have when we had a healthy economy but we don't have products that really fuel the excess growth. a lot of people feel we need that, given the inventory that's out there. i agree with chris. i do
CNBC
Nov 5, 2012 6:00am EST
leans to the left a little? >> he's no longer here. >> he's there in presence. you're in california. is there any businesses left at all in that state? >> there are quite a few. go to silicon valley, los angeles, san francisco. this is still the engine of innovation for the u.s. economy. >> they're making it tough on you. >> we could be doing better, that's true. >> so neel, when you say that this does lift some immediate uncertainty but you're not sure what it means beyond that, what do you think the market does between now and the end of the year, let's say? maybe not this week but between now and the end of the year under a reelected president obama or under a newly elected mitt romney? >> well, i think under reelected president obama, i would expect to see volatility increase especially as it relates around the fiscal cliff. we need to see them come together, divided government needs to work together. they have not worked together very well over the past couple years so the markets will take a wait and see approach and there's a good chance there will be fighting and brinkmanshi
CNBC
Nov 5, 2012 9:00am EST
. the opening bell is up in three minutes. for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> just saw opening bell for monday, november 5th here at the big board. a military veteran forum for human resources being held. the food bank for new york city so obviously
Search Results 0 to 3 of about 4